Kalpataru Wins Major Redevelopment Contract in Mumbai's Andheri for Rs 1,400 Crore

Kalpataru Secures Rs 1,400 Crore Redevelopment Project in Mumbai's Andheri

Company Overview Kalpataru, a leading real estate developer, has announced the acquisition of a redevelopment project in Mumbai's Andheri, with a gross development potential of Rs 1,400 crore. The project, which was announced on March 13, marks the company's continued expansion in the redevelopment segment.

Project Details The redevelopment project is situated in a three-acre society, Shree Mahalakshmi CHS, off Veera Desai Road in Andheri (West). The project involves redeveloping the existing property, which will include 350 units for sale, as well as providing redeveloped homes to the 242 members of the society. The redeveloped property will span 6 lakh square feet of space, featuring 22 habitable floors across seven wings, two podium levels, two basements, and a deck.

Location and Connectivity The project is strategically located in Andheri West, one of Mumbai's most established residential and commercial micro-markets, offering excellent connectivity and a well-developed ecosystem. The plot is close to two metro stations and the Andheri Sports Complex, as well as other retail landmarks.

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Company Expansion Kalpataru, which listed on the bourses in 2025, has been actively ramping up its portfolio in redevelopment. The company has completed projects in areas such as Goregaon and Jogeshwari and has taken on projects in areas such as Borivali, Thane, and the eastern suburbs. This latest project reinforces Kalpataru's commitment to expansion in the redevelopment segment.